Industry News
Jan 30th News In Downstream: ALBEMARLE ANNOUNCES LAUNCH OF KETJEN CORPORATION
Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, today announced the official brand launch of Ketjen, its wholly owned subsidiary that crafts tailored, advanced catalyst solutions for the petrochemical, refining and specialty...
JAN 31st NEWS – ACQUISITION: KP Engineering Acquired by The Shaw Group
HOUSTON (Jan. 31, 2023) – KP Engineering (KPE) a leader in the design and execution of customized EPC solutions for the refining, syngas, hydrogen, and renewable fuels industries, is pleased to announce the completed acquisition of its assets by The Shaw Group (Shaw),...
ExxonMobil Awards FEED for World’s Largest Low-Carbon Hydrogen Facility – Final Investment expected 2024
ExxonMobil awards FEED for world's largest low-carbon hydrogen facility IRVING, Texas – ExxonMobil announced the next step in the development of the world’s largest low-carbon hydrogen production facility with a contract award for front-end engineering and design...
Jan 2023 – ONEOK Mont Belvieu to Build MB-6 – Fractionator
Via ONEOK Linkedin: "Recently, we announced plans to expand our Mont Belvieu, Texas, facility with the construction of our MB-6 Fractionator. The addition of MB-6 not only positions us well to meet the current customer demand but also allows us the flexibility to...
BASF breaks ground on MDI capacity expansion project at Geismar site – This project is $780 Million Investment for BASF
GEISMAR, LA, January 11, 2023 – BASF has broken ground on the third and final phase of the methylene diphenyl diisocyanate (MDI) expansion project at its Verbund site in Geismar, Louisiana, announced in July 2022. The company will increase production capacity to...
News In Downstream: Jan 17th – Braskem Announces USA based Project to Evaluate Production of Bio-Based Polypropylene
This News Article is Brought to you by: PHILADELPHIA, Pa. - January 17, 2023 - Braskem (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest polyolefins producer in the Americas, as well as a global market leader and pioneer producer of biopolymers on an...
Come And Take It – Natural Gas Stoves – Biden Proposed ban on Natural Gas Stoves
President Joe Biden has recently proposed banning the use of natural gas stoves in new construction as part of his plan to combat climate change and transition to cleaner forms of energy. This move is aimed at reducing the country's carbon footprint and decreasing the...
12/26 NEWS: Venture Global Signs 20 Year Purchase Agreement with INPEX Corporation
"VENTURE GLOBAL AND INPEX ANNOUNCE LNG SALES AND PURCHASE AGREEMENT Arlington, Virginia– Today, Venture Global LNG and INPEX CORPORATION (INPEX) announced the execution of a long-term Sales and Purchase Agreement (SPA) for the purchase of one million tonnes per annum...
12/21 Downstream News: Technip Energies Awarded a Proprietary Equipment Contract by Chevron Phillips Chemical and QatarEnergy for the Golden Triangle Polymers Ethane Cracker
Technip Energies (PARIS:TE) (ISIN:NL0014559478) has been awarded a contract(1) for the supply of proprietary cracking furnaces for the 2,000 kta(2) ethane cracker for the Golden Triangle Polymers project, a joint venture between Chevron Phillips Chemical (CPChem) and...
NextDecade and Galp Execute 1.0 MTPA LNG Sale and Purchase Agreement
HOUSTON--(BUSINESS WIRE)--Dec. 20, 2022-- NextDecade Corporation (NextDecade) (NASDAQ: NEXT) announced today the execution of a sale and purchase agreement (SPA) with Galp Trading S.A. (Galp), for the long-term supply of liquefied natural gas (LNG) from NextDecade's...